Multifamily may face a shock when federal relief ends

In the waning days of the Trump administration, Congress passed another $25 billion in pandemic-related rental assistance for struggling Americans and extended eviction moratoriums through this past January. But the question is, what happens if the federal relief ends this year? Generally speaking, apartments have done better than other commercial real estate asset classes and […]

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Preforeclosure sales set to dominate distressed-home market

The stage is set for preforeclosure sales to emerge as a dominant foreclosure-prevention strategy in the wake of the COVID-19 health crisis. Even before the pandemic, preforeclosure sales (sales of homes in any stage of the foreclosure process prior to being auctioned) were a rapidly growing share of all distressed-property dispositions. In 2019, one-third of […]

Home loan originations soar to 13-year high

This past third quarter, 3.25 million residential mortgages were originated in the U.S., according to Attom Data Solutions’ Residential Property Mortgage Origination Report. This number represents a 17% jump over the prior quarter and a whopping 45% year-over-year increase for the highest quarterly volume in 13 years. In addition to the boost in loan originations, […]